Alamos Gold (NYSE:AGI) Lowered to Hold Rating by StockNews.com

StockNews.com lowered shares of Alamos Gold (NYSE:AGI - Free Report) TSE: AGI from a buy rating to a hold rating in a report released on Saturday.

Other equities analysts have also issued reports about the company. Royal Bank of Canada upped their target price on Alamos Gold from $25.00 to $27.00 and gave the company an "outperform" rating in a report on Tuesday, February 11th. National Bank Financial raised Alamos Gold to a "strong-buy" rating in a research report on Friday, March 21st. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Alamos Gold currently has a consensus rating of "Buy" and an average price target of $26.06.

Alamos Gold Stock Up 0.0 %

Shares of Alamos Gold stock traded up $0.00 during trading on Friday, reaching $26.74. The company had a trading volume of 2,700,844 shares, compared to its average volume of 2,453,944. The company has a market cap of $11.24 billion, a price-to-earnings ratio of 38.76, a price-to-earnings-growth ratio of 0.40 and a beta of 1.15. Alamos Gold has a fifty-two week low of $14.31 and a fifty-two week high of $27.25. The firm's fifty day moving average is $23.41 and its 200-day moving average is $20.84. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.51.

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Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last released its earnings results on Wednesday, February 19th. The basic materials company reported $0.25 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.01. The company had revenue of $375.80 million for the quarter, compared to the consensus estimate of $388.06 million. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. On average, analysts anticipate that Alamos Gold will post 1.29 EPS for the current year.

Alamos Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were given a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.37%. The ex-dividend date of this dividend was Thursday, March 13th. Alamos Gold's dividend payout ratio is currently 14.49%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in AGI. Dimensional Fund Advisors LP lifted its holdings in Alamos Gold by 296.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,375,892 shares of the basic materials company's stock worth $136,011,000 after purchasing an additional 5,516,186 shares during the period. Norges Bank acquired a new stake in shares of Alamos Gold in the 4th quarter worth approximately $100,694,000. CIBC Asset Management Inc boosted its holdings in shares of Alamos Gold by 59.0% in the fourth quarter. CIBC Asset Management Inc now owns 7,726,726 shares of the basic materials company's stock valued at $142,936,000 after acquiring an additional 2,867,027 shares in the last quarter. FMR LLC boosted its holdings in shares of Alamos Gold by 50.8% in the third quarter. FMR LLC now owns 6,374,543 shares of the basic materials company's stock valued at $127,027,000 after acquiring an additional 2,148,153 shares in the last quarter. Finally, Addenda Capital Inc. acquired a new position in shares of Alamos Gold during the fourth quarter valued at approximately $34,869,000. Institutional investors and hedge funds own 64.33% of the company's stock.

Alamos Gold Company Profile

Alamos Gold Inc engages in the acquisition, exploration, development, and extraction of precious metals in Canada and Mexico. The company primarily explores for gold deposits. It holds 100% interest in the Young-Davidson mine and Island Gold mine located in the Ontario, Canada; Mulatos mine located in the Sonora, Mexico; and Lynn Lake project situated in the Manitoba, Canada.